Cwm LLC Increases Holdings in Tyson Foods, Inc. (NYSE:TSN)

CWM LLC boosted its stake in shares of Tyson Foods, Inc. (NYSE:TSN - Free Report) by 101.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,813 shares of the company's stock after acquiring an additional 30,582 shares during the quarter. CWM LLC's holdings in Tyson Foods were worth $3,880,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TSN. Park Square Financial Group LLC purchased a new position in Tyson Foods during the fourth quarter valued at approximately $25,000. Curat Global LLC acquired a new stake in Tyson Foods in the first quarter valued at approximately $28,000. Ossiam grew its holdings in Tyson Foods by 41.6% in the fourth quarter. Ossiam now owns 626 shares of the company's stock valued at $36,000 after purchasing an additional 184 shares during the period. Rossby Financial LCC acquired a new stake in Tyson Foods in the first quarter valued at approximately $53,000. Finally, Transce3nd LLC acquired a new stake in Tyson Foods in the fourth quarter valued at approximately $54,000. 67.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on TSN shares. JPMorgan Chase & Co. dropped their price objective on Tyson Foods from $63.00 to $61.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. Citigroup raised their price objective on Tyson Foods from $59.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Wall Street Zen lowered Tyson Foods from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Stephens dropped their price objective on Tyson Foods from $63.00 to $61.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. Finally, The Goldman Sachs Group started coverage on Tyson Foods in a report on Monday, June 23rd. They issued a "buy" rating and a $67.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $63.11.

Tyson Foods Price Performance

Shares of NYSE:TSN traded down $0.61 during trading on Friday, reaching $53.37. The stock had a trading volume of 1,815,961 shares, compared to its average volume of 2,478,326. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.69 and a current ratio of 1.67. The business has a fifty day moving average price of $55.40 and a 200-day moving average price of $57.78. The stock has a market cap of $19.01 billion, a PE ratio of 20.77, a PEG ratio of 0.73 and a beta of 0.59. Tyson Foods, Inc. has a 1-year low of $52.71 and a 1-year high of $66.88.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.07. Tyson Foods had a return on equity of 7.43% and a net margin of 1.70%. The firm had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.15 billion. During the same period in the previous year, the company posted $0.62 earnings per share. The business's revenue was up .0% on a year-over-year basis. On average, equities analysts forecast that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.00 dividend on an annualized basis and a yield of 3.75%. Tyson Foods's payout ratio is 77.82%.

About Tyson Foods

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.